Word: jobbing
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...What they value is not worker stability but constant market simultaneity. If mortgages aren't the best thing, it's, "Let's get rid of the mortgage desk and we'll hire them back in a year." People were working a hundred hours a week, but constantly talking about job insecurity. Wall Street bankers understand that they are liquid people. It's part of their culture. I had bankers telling me, "I might not be at my job next year so I'm going to make sure to get the biggest bonus possible." I had bankers who advised...
...worker who thinks of downsizing as a challenge - a worker who thrives on this. This becomes the prototype, but in many ways that's quite removed from the daily lives of most American workers. Before this crazy crash of 2008, bankers always landed on their feet, almost always. Job insecurity isn't the same thing for the average American worker. They often experience downward mobility or don't land on their feet...
...think this particular system of short-term bonuses and liquid culture is a good long-term strategy. Wall Street's values have reached out to so many corners of people's daily lives that actually changing the system means everyone has to change. (See 10 ways your job will change...
...Damaris J. Taylor '12, alumni and public relations chair for the Harvard Black Students Association, said that based on police reports, he personally didn't think the arrest was racially motivated and that "the officer was just doing his job." But he also said that while the professor may have overreacted or even acted rudely, the police should not have issued an arrest...
...criticism - not just from Republicans but from credible, nonpartisan sources like the Congressional Budget Office and the Mayo Clinic, which Obama often cites as a model of what an efficient, high-quality health-care system would look like. While the bills that are on the table do a good job of expanding medical coverage to the 47 million or so Americans who now lack it, outside experts say, they fall short of meeting Obama's other main goal, which is to transform the health system in ways that bring its runaway costs under control...